Stadium Drive Build-To-Suit/Ground Lease Opportunity

Vacant Land for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 29718317
Property Subtypes: Retail-Pad
Building Status: Proposed
Gross Land Area: 3.02 Acres
Lease Rate: $1 Per Acre (Annual)
$0 PSF (Annual)
Base Monthly Rent: $0.25
Lease Types: Ground Lease, NNN
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Last Updated: 11/2/2021

Overview / Comments

Stadium Drive and S 9th Street is an approximately 3.02-acre build-to-suit/ground lease opportunity in the heart of the Kalamazoo retail corridor, just north of Interstate 94, near Kalamazoo Valley Community College. This is prime real estate for a drug store, drive-thru eatery/café, bank with drive-thru access, medical office, urgent care, or other retail/medical options. The unparalleled management from The Hinman Company ensures premium service aimed at exceeding expectations. Skilled local property management works diligently to ensure the success of users by providing a professional, well-maintained property to compliment the unique needs of their businesses. Additionally, The Hinman Company has its own team of in-house construction and design professionals standing by to help create thoughtfully designed developments. Strategically located along Stadium Drive, the site offers unmatched brand exposure with visibility to over 44,713 daily drivers on S 9th Street and Stadium Drive. Synonymous with experiential dining and destination shopping, Corner@Drake is a five-minute drive. Customers will appreciate the easy ingress and egress through multiple possible entrances in addition to the ability for ample parking and a signalized intersection. Users will benefit from the area’s built-in consumer base that features a mix of demographics. This great location features strong economic demographics that offers all the elements that make for a successful business. In addition to the daytime commuter traffic, a population of over 116,616 people lives within a five-mile radius of the property, with the average household income exceeding $81,611.

Additional Details

Nearest MSA: Kalamazoo-Portage
County: Kalamazoo
Submarket Type: Suburban
Taxing Authority: Oshtemo Township
Tax ID/APN: 05-35-135-231, 05-35-135-102, 05-35-135-241, 05-35-135-251
Zoning: VC - VILLAGE COMMERCIAL DISTRICT
Property Located Between: Stadium Drive and S 9th Street
Side of Street: Southwest
Road Type: Paved
Property Visibility: Excellent
Legal Description: SEC 35-2-12 COMM AT N 1/4 POST TH S00DEG54'30"E435.67' TH S89DEG05'30"W 50' TO WLY ROW OF 9TH ST & POB; TH S89DEG05'30"W 168.50' TH N 00DEG54'30"W 164.59' TO CTR LI OF STADIUM DR TH N74DEG25'E ALG SD CTR LI 68.23' TH S00DEG54'30"E 51.69' TO SLY ROW OF STADIUM DR TH N74DEG25'E ALG SD ROW 45.54' TH CONT ALG SD ROW NELY 61.19' ALG A CURVE TO LEFT WI A RAD OF 699.29' AND CH BEARING N71DEG54'35"E 61.17' TO WLY ROW OF 9TH ST TH S00DEG54'30"E THEREON 159.8' TO BEG ****12/06 COMBINED 35-135-201, 35-135-210, 35-135-220, 35-135-230 INTO 35-135-231****
Largest Nearby Street: Stadium Drive
Feet of Frontage: 354
Traffic/Vehicle Count: 44,713
Highway Access: US-131 - 1.3 Miles , Interstate 94 - 1.4 Miles
Airports: Kalamazoo/Battle Creek International Airport - 8.9 Miles
Area Description: Oshtemo residents enjoy a mostly quiet suburban atmosphere, filled with large homes and attractive apartment complexes. Located about 10 minutes southwest of Downtown Kalamazoo, the Oshtemo area has been rapidly growing with a projected population growth of 3.2% over the next five years. Together these residents make up a total annual consumer spending of nearly $2.1 billion, almost $200 million of which was on food and drinking establishments last year. This prominent position and access, along with a high quality of living and friendly business environment, serve to boost the economic growth of Kalamazoo and make it an excellent area to locate a company.
Lot Frontage: 354'
Lot Depth: 422'
Zoning Description: This district is designed to promote a village atmosphere allowing for small-scale mixed land uses and satisfying the land needs for convenience, specialty and personal service establishments primarily serving residents in the immediate and nearby residential areas of the Township.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,325 53,093 124,292
Median Age: 38.78 32.78 33.6
Households: 2,683 23,089 51,220

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